WASHINGTON (Reuters) – U.S. job openings fell moderately in November as the labor market remains tight, which could see the Federal Reserve increasing interest rates to a higher level than currently anticipated. Job openings, a measure of labor demand, slipped 54,000 to 10.458 million on the last day of November, the Labor Department said in …
U.S. job openings fall less than expected in November Read More »
WASHINGTON (Reuters) – U.S. manufacturing contracted further in December, but weakening demand amid higher borrowing costs pushed a measure of prices paid by factories for inputs to the lowest level in more than 2-1/2 years, signaling that goods disinflation was underway. The Institute for Supply Management (ISM) said on Wednesday that its manufacturing PMI dropped …
U.S. manufacturing sector contracts, prices decline in December-ISM Read More »
WASHINGTON (Reuters) -U.S.-based cryptocurrency exchange Coinbase Global Inc has reached a $100 million settlement with New York’s Department of Financial Services (DFS), the exchange and the regulator said in statements on Wednesday. The settlement, which includes a $50-million penalty, caps the regulator’s investigation into the firm’s compliance with requirements to prevent money laundering. DFS found …
Coinbase to pay $100 million to settle New York state investigation Read More »
By Carolina Mandl, Nell Mackenzie and Summer Zhen NEW YORK/LONDON/HONG KONG (Reuters) – Having weathered a dire 2022, many global hedge fund managers are preparing this year for persistent inflation and seeking exposure to commodities and bonds that perform well in such an environment. A majority of the 10 global asset and hedge fund managers …
Global hedge funds plan 2023 around inflation risk Read More »
By Dawn Chmielewski (Reuters) – When Sony Corp Group teases “Gran Turismo,” its long-awaited adrenaline-fueled film adaptation of Sony PlayStation’s hit car-racing franchise at the CES 2023 technology trade show this week, it will really be showing off its new identity as a content-driven company. The movie reflects the transformation of the maker of the …
At CES 2023, Sony’s ‘Gran Turismo’ flags new entertainment strategy Read More »
(Reuters) -Salesforce Inc plans to cut its workforce by 10% and close some offices, saying it needs to cut costs after rapid pandemic hiring left it with “too many people” amid an economic slowdown, sending its shares up 5%. The cloud-based software company said on Wednesday it expects between $1.4 billion and $2.1 billion in …
Salesforce to cut 10% of workforce in latest tech layoffs Read More »
SAO PAULO (Reuters) -Brazilian state-run oil company Petrobras said on Wednesday its board of directors had approved the early departure of chief executive officer Caio Paes de Andrade, which will take effect immediately. Reuters had first reported on Tuesday, citing sources, that Andrade had informed the board of directors of his resignation, ahead of the …
Brazil’s Petrobras names interim head after CEO departs Read More »
By Cassandra Garrison and Jose Luis Gonzalez MEXICO CITY (Reuters) – Parts of Mexico’s remote southern jungles have barely changed since the time of the ancient Maya. In the eyes of President Andres Manuel Lopez Obrador, a railway his government is building – known as the Tren Maya – will bring modern connectivity to areas …
Collapse, contamination: Mexican scientists sound alarm at Mayan Train Read More »
By Ahmed Aboulenein WASHINGTON (Reuters) -The U.S. Food and Drug Administration (FDA) will allow retail pharmacies to offer abortion pills in the United States for the first time, the agency said on Tuesday, even as more states seek to ban medication abortion. The regulatory change will potentially expand abortion access as President Joe Biden’s administration …
U.S. FDA allows abortion pills to be sold at retail pharmacies Read More »
WASHINGTON (Reuters) – Former Republican President Donald Trump threw his weight behind Representative Kevin McCarthy on Wednesday, telling U.S. House Republicans that they should back the California Republican’s bid for the speakership. “It’s now time for all of our GREAT Republican House Members to VOTE FOR KEVIN, CLOSE THE DEAL, TAKE THE VICTORY,” Trump posted …
Trump urges House Republicans to back McCarthy for speaker Read More »
